Monat: August 2022

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Enjinstarter to sponsor Coinfest, flagship crypto festival in Asia

Enjinstarter, the next-gen blockchain gaming launchpad focused on growing the Enjin ecosystem and the metaverse, announced sponsorship of Coinfest Asia, the first-ever crypto, web3, blockchain, and NFT festival on the continent. It is taking place on August 25 and 26 in Bali, Indonesia. 

Uniting regulators, developers, industry leaders 

Coinfest Asia is taking place just weeks prior to the G20 summit in Bali with the theme of The Future. It will bring together entrepreneurs, regulators, developer communities, and industry leaders to share regional opportunities and global insights. 

Supported by Coindesk, CoinGecko, industry associations 

The event will be held at a casual beachside venue in Bali. It is hosted by Coinvestasi, the leading crypto medium in Indonesia.

It is officially supported by CoinGecko, Coindesk.com, the Indonesian Chamber of Commerce, and Singaporean and Indonesian blockchain associations.

A vast, untapped market 

Southeast Asia, in particular, is home to a vast, emerging crypto market that remains untapped. The mission of the organizers is to redefine the future of crypto, including Web3. 

To buy tickets, register online and follow on-screen instructions to complete the signup process. There are no travel restrictions or requirements for traveling to Bali at the moment. 

Web3 workshop to hone skills

There will also be a Web3 workshop presented by BlocksWellDone and Blockchain Talent ID. It aims to kickstart Web3 developers’ journey and help them improve their skills. 

Developers can submit their portfolios at the event’s official website. Thirty developers will win free tickets. 

Other event sponsors include Fireblocks, Pintu, 1inch Network, Asset Management Digital Group, Solana, Tezos, Coinstore, etc.

The post Enjinstarter to sponsor Coinfest, flagship crypto festival in Asia appeared first on CoinJournal.

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Crypto.com signs pre-registration agreement with Canada’s OSC

Crypto.com has become the first global cryptocurrency exchange to sign the undertaking with the Ontario Securities Commission (OSC).

Crypto.com, one of the world’s leading crypto platforms, has signed a key agreement with Canadian securities watchdog the Ontario Securities Commission (OSC), according to details the platform shared on Tuesday.

The exchange, whose growth over the past two years has included major deals and partnerships, announced that it had secured a Pre-registration Undertaking with the OSC in Canada, a regulatory step recognised across the country via the Canadian Securities Administration (CSA). 

Crypto.com, the agreement with OSC makes the exchange the first global crypto platform in the country to operate within the parameters of such a regulatory undertaking.

Compliance is key

The terms of the pre-registration undertaking allows Crypto.com to work with the securities watchdog. Key from this is regulatory compliance, which means the exchange will offer its services and products to customers within the confines of Canadian regulations, the press release detailed.

Crypto.com CEO Kris Marszalek commented that the agreement with the Ontario securities regulator is part of the compliance efforts that “underscore” whatever the platform does. This latest chapter will help them better serve their North American customers.

“The North American market, and Canada specifically, represent a significant area of potential growth for the crypto market, and we are proud to work with the OSC and the CSA in providing Canadian customers access to a safe, secure, and reliable global platform,” Marszalek added.

The OSC agreement adds to several other regulatory footsteps Crypto.com has made in Canada. These include registration with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) as well as Quebec’s Autorité des marchés financiers (AMF).

The announcement also adds to major regulatory scores Crypto.com has secured across the globe, including in Singapore, the UAE, South Korea, Greece, Italy and the Cayman Islands.

The post Crypto.com signs pre-registration agreement with Canada’s OSC appeared first on CoinJournal.

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Dogecoin price prediction as DOGE goes vertical

Dogecoin price went parabolic on Tuesday as optimism spread in the cryptocurrency industry. It jumped to a high of $0.090, which was the highest level since June 1st of this year. This price is about 78% above the lowest level this year. Its market cap has jumped to over $11.4 billion.

Why is DOGE rising?

Dogecoin is the biggest meme coin in the world. It is a cryptocurrency that aims to be a good alternative to Bitcoin, the biggest digital coin in the world.

Dogecoin price has staged a strong recovery in the past few weeks as investors cheer the improving sentiment in the market. This recovery is in line with the performance of other cryptocurrencies like BTC, ETH, and XRP.

First, it has risen because investors believe the worst has already happened in the cryptocurrency industry following the recent crash of Terra, Three Arrows, and Celsius. At the time, most analysts were expecting a major contagion to happen.

Second, Dogecoin price has also rallied because of the correlation between stocks and cryptocurrencies. Most American stocks have jumped sharply in the past few weeks. The Dow Jones, Nasdaq 100, and S&P 500 indices have jumped by more than 20% from their lowest levels this year. Historically, there is a correlation between stocks and digital coins.

Third, DOGE has also risen because of the ongoing enthusiasm about the upcoming Ethereum merge. This merge, which will combine the PoW version with the Beacon Chain, will make it significantly faster and more efficient. While the merge will not impact Dogecoin, the strong performance of ETH has had a contagion effect in the crypto industry.

Dogecoin price prediction

The four-hour chart shows that the DOGE price has been in a strong bullish trend in the past few days. It has even rallied in the past three straight days. And today, it managed to move above the important resistance point at $0.084, which was the highest point last week. 

Dogecoin price is above the 25-day and 50-day moving averages while the MACD has continued rising. Therefore, the coin will likely continue rising as bulls target the next psychological level of $0.10. A drop below the support level at $0.081 will invalidate the bullish view.

The post Dogecoin price prediction as DOGE goes vertical appeared first on CoinJournal.

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CryptoPunk and Meebits holders get full commercialisation rights

Yuga Labs has finally released the much-awaited intellectual property (IP) licensing agreement for CryptoPunk and Meebits NFT collections.

Yuga Labs purchased the two NFT collections from Larva Labs in March. The move allows the NFTs holders to use their NFTs to create projects and products since although Yuga Labs owns the IP rights, it will now license these rights to the NFT holders.

Initially, the previous Meebits and CryptoPunk collection owners Larva Labs retained the intellectual property rights to the collections and the NFT holders could now use commercialize their NFTs. This had attracted a lot of criticism with one holder selling their CyptoPunk in protest.

Yuga Labs IP licensing agreement

The intellectual property licensing agreement released by Yuga Labs confers full commercialization rights to NFT holders allowing them to create commercial projects and products based on their NFT holdings. It puts Meebits and CryptoPunks holders on the same level as the Bored Ape Yacht Club (BAYC) NFT holders.

The Bored Ape Yacht Club’s holders did not have much of a problem since Yuga Labs naturally has IP licensing agreements for its NFT collections contrary to Larva Labs. As a matter of fact, some BAYC NFT holders like Seth Green and Andy Nguyen have already used the IP in projects.

Seth Green has launched a show based on the recently returned Ape that according to his words was “kidnapped” in March. Andy Nguyen, who on the other hand is a restaurateur, opened a Bored Ape-themed restaurant called “Bore & Hungry” in Los Angeles in June.

Issues around IP rights of NFT collections

NFT collection creators across the board have taken different approaches to how they hand IP rights.

A popular NFT brand Moonbirds, for example, was in the headlines earlier this month after it switched to a public domain usage model that allows anyone to commercially use and reproduce art from Moonbirds and Oddities collections. Following the decision, Moonbirds and Oddities NFT holders took to social media complaining that they had invested in the project believing that they had exclusive rights to the NFTs they had purchased.

The post CryptoPunk and Meebits holders get full commercialisation rights appeared first on CoinJournal.

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BabyDoge’s new swap protocol testnet goes live on BSC

BabyDige has announced via a tweet that the testnet of its new swap protocol, BabyDogeSwap, is now live on BSC. The announcement has caused fanfare on social media, especially on Twitter.

The BabyDoge coin has been bullish since the initial announcement of the launch of the swap protocol last week and its community were eagerly waiting for the official launch. It has gained 23.0% in the past 7 days and although today’s announcement did not cause a significant change in the price of the DabyDoge coin, traders expect the price to maintain its bullish trend in the coming days, weeks and months.

At the time of writing, BabyDoge was trading at $0.000000001703 after registering a 2.62% gain in the past 24 hours.

BabyDogeSwap protocol

To start using the newly launched testnet, users will be required to connect their Metamask or other popular crypto wallet and swap any token with the BSC token. The protocol intends to add more swapping pairs, especially Ethereum and Bitcoin pairs.

Besides the usual token swapping, the BabyDogeSwap protocol has additional features including yield farming, swapping, staking, and voting.

The team behind the project plans to embark on an aggressive marketing campaign to allow it to compete favourably with the likes of PancakeSwap, which is one of the leading decentralized exchanges on BSC.

The swap protocol intends to burn a portion of the swap fees obtained from users to check the inflation of the BabyDoge token. The swap has however eliminated swap fees for tokens of their partner projects while maintaining ordinary fees for popular coins.

BabyDogeSwap also features a Simplex on-ramp widget to allow users to purchase crypto with fiat using cards.

In addition to the newly released swap protocol, BabyDoge plans to release a game that will allow players to bet using their tokens and also launch physical BabyDoge cards that will allow users to use the BabyDoge token to pay merchants around the world.

The post BabyDoge’s new swap protocol testnet goes live on BSC appeared first on CoinJournal.